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to jump-start the economy, not just the stock market. let's go to nicole petallides at new york stock exchange. david: let's start, nicole. we start with fedex it was an extraordinary run-up. it was in the $100 range. it pulls back quite a bit. this is the biggest pullback since 2011? >> certainly is, the biggest pull back since 2011. concerns globally and also going to cut down what they're shipping over it asia. lauren: how is oracle looking ahead of their earnings release, nicole? >> we're watching oracle closely in the tax realm. we'll see whether or not they have earnings. [closing bell rings] david: best buy up another 5%. that stock can not be denied. as you her the bells are ringing on wall street. looks like the indexes are going to keep essentially where they were before and after ben bernanke began to talk. looked like they were sliding a bit. they stopped that slide. trading this the 50 to 60-point range on the dow. the s&p is doing better percentagewise. nasdaq is doing well. russell 2000, small and mid-sized caps doing well. there are interesting company stories and sect
company with extraordinarily small economy. the fact it would precipitate a run with the greek banks or italian banks and bring down the entire system in europe, fumbling along, kicking the can down the road is really pretty fried and we know from experience these events, whether in the balkins with the shooting of an arch duke or whether in cyprus with the shooting of a banking system can lead to fairly significant consequences for the entire european continent and us. >> so far, the worst-case scenario hasn't happened yet. so far. that's good. let me ask you, steve forbes. do you believe that the united states can make itself immune? are we strong enough economically, and financially, to withstand the kind of worst-case scenario that senator gregg discussed? >> the answer is no. we should have learned that from 2008 when these dominos start to topple. it hits everybody. and this is what is so inexplicable. why did the germans draw the line on this, for sheer domestic political reasons. they don't want to be bailing out russian oil gargs. they have an election this year. they have k
on the economy, the market, and the fed next. ♪ ♪ lou: ben bernanke's federal reserve keeping money cheap, plentiful. chief economist for ubs will tell us whether this is sufficient magic for the market through the remainder of the year. let's take a look at what happened on wall street. today's talks are moving higher. investors expecting just the news that they received, the fed's standing fast, holding steady, helping -- keeping 85 billion a month into the markets in perpetuity. the dow up 56 points, but within 20 points of its all-time high setting a new intra-day record. the s&p up ten points coming within seven of its record high, the nasdaq up 25 them. the nasdaq still some 1800 points away from its all-time high close. over 3 billion shares traded on the big board. gold down $3.80 today, we'll update, interest rates moving slightly higher on the bond market's the treasury ten year holding up till 194. fed chairman ben bernanke warning monetary policy, as he put it, cannot offset fiscal restraint resulting from the fiscal cliff and sequestered. my next guest says economic damage fr
to the sequester republicans will not replace. just as the economy is improving for our neighbors and small businesses back home. in contrast, the democratic alternative will cren rate 1.2 million more job, stop the sequester and in committee, democrats proposed to close those special interest tax loopholes that riddle our tax code, republicans said no. democrats proposed to offset unwise republican cuts to medical research like alzheimer's, cancer, diabetes research at n.i.h., republicans said no. democrats tried to cut the special interest spending in the tax code to offset republican cuts to students who rely on pell grants but republicans said no. mr. van hollen: i yield the gentleman another minute and a half. the chair: the gentleman is recognized. ms. castor: the democrats in the budget committee proposed to strengthen medicare and replace the republican plan to turn medicare into a voucher program. all it does is simply shift the cost tour families and older neighbors. mr. speaker, this republican budget is not consistent with american values. it is not fiscally responsible. it is a
on the economy, the market, and the fed next. ♪ i'm lorenzo. i work for 47 different companies. well, technically i work for one. that company, the united states postal service®, works for thousands of home businesses. because at usps.com®, you can pay, print and have your packages picked up for free. i can even drop off free boxes. i wear a lot of hats. well, technically i wear one. the u.s. postal service®, no business too small. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. yes, it is. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. ans
than three hours from the federal reserve notes and whether or not it continues stimulating the economy at the current levels, keeps propping things up. why don't you just pick up from where we left off because talking about washington related to the bigger picture scenario not assist early today but the role the federal reserve plays in all of this as long as interest rates stay as low as they are, what do you think? >> the fed plays a big role keeping interest rates low. i heard on the fiscal side, you're right, maybe outside of the beltway the washington fatigue, but returned to the fed, everyday to indicate the fed keeps the pedal to the metal, 85 billion per month, there'll be some talk about scaling it back later this year. the thing to watch is the fed forecast. all the members put in the economic forecast for the next three years. my guess is it'll be a little bit more promising for social and employment rate above 6.5% until 2015 and that is the threshold, they will not move interest rates up before your employment rate gets to that level, that is still at least two years from
, the appropriate spending reduction so we can try to get this economy back on track. excitingt is an activity that is been on the house floor these past two days. we will likely pass that out of the house of representatives today. this is a budget by paul ryan that will allow us to get to balance. that means the government will stop sending more money than it takes in by the end of the decade, which is really exciting. what that allows us to do is to get the economy rolling, jobs being created and provide more certainty so young people coming out of college know there is going to be a job in their field. those in the workforce will know they will be needed. those in retirement, social security and medicare and those will be strengthened and security. an exciting time. guest: -- the: when it comes to continued resolution which funds the government through september, did it include sequester cuts that took effect earlier this month? spending atcludes the sequester level. there is flex ability for the military, department of defense and a few other areas that allow money to be moved to areas of
is a big concern. china is a big concern. they said china's economy is showing symptoms that sparked the crisis in 2008, the warning and saying they risk financial crisis. obviously, concerns about china. i'm going to stick to the cypress theme and put it together. the vix, fear index popped. you see the 1275 right now, up 17%. at one point, up 13%. right now, let's look at the financials because they certainly reacted. in some cases, dramatically, and the idea of them taxing deposits there. citigroup down 2% and banks abroad hit harder. back to you. >> a full and complete report, thank you, nicole. >> for the bailout proposal, is the tax on bank deposits, and that is sparking outrage and fear that there's going to be a run on the banks there. david, chairman and chief investment officer of dumb beer land as visiers of -- cumberland, and why do you think it's a big deal, david? >> caller: well, the finance ministers, the decision has been announced. the cat is out of the bag. once you open the door to taxing a deposit when you have a liquidity crisis, you can never close the door aga
demand. moreover because of stronger growth in each economy. it has the beneficial spillovers to trading partners. there will be a test later. thank you. ashley: there are always two sides of the story. central banks have been doing it all around the world. tracy: i know. peter barnes will bring you the q&a session of bernanke's comments when they have been live. ashley: let's check these markets. nicole petallides at the nyse. you are also looking at some big tech names. nicole: i am keeping an eye on blackberry and yahoo!. down almost 3%. goldman sachs downgraded. it is not really up to par and not really doing that well. they are not seeing the sales that they had hoped. let's take a look at yahoo!. it is up one half of 1%. 23.25 a share. back to you. ashley: barely up, but it is up. thank you. tracy: boeing announcing its plan to conduct a 787 and flight today. the troubled dreamliner has been grounded since early january. we heard last week they would do a little test flight. ashley: hopefully no smoke. with the securities and exchange commission approving nasdaq's plan to pay out t
. >> sreenivasan: the federal reserve stood by its aggressive plan to stimulate the u.s. economy, keeping short-term interest rates at record lows. and it said there are signs the economy is getting stronger. one of those signs-- unemployment-- fell to a four- year low of 7.7% in february. still, the fed predicted it won't reach 6.5% until 2015. the fed and its chairman, ben bernanke, also had words of caution for congress. >> i do believe that long-term fiscal stability is extremely important and i urge congress and the administration, as i always do when i go to testify, to do whatever is necessary to put us on a sustainable fiscal path going forward. but in doing so, i think it's a good idea to pay attention to the impacts in the near term on what is still not a completely satisfactory recovery. >> sreenivasan: congress moved a step closer to advancing a spending bill that would keep the federal government running through september. the senate passed the legislation this afternoon along bipartisan lines. the measure funds the day-to-day operating budgets of every cabinet agency, gives $87 bi
. if the economy hobbles along and don't get me wrong, the markets are roaring, we've had a few days where it has slowed just a bit. but the average american, the pedestrian middle class family how well are they doing? how confident are they? and if the economy slows for them, the prospects for immigration reform, i don't believe are nearly as high, if you don't get what mark has been saying now for over two weeks. the sequencing done right on this cut spending cuts and tax reform. things sound great and they're moving along now. but joe, as we talked about earlier, you're going to have reticent democrats. and even key congressional races who are going to slow down a bit and saying, look, i want immigration and guns dealt with, what are we doing about the economy and the budget, the debt, and tax reform? >> and this is, richard haas, you can only push people so far, i mean, not the republicans' best friend. this weekend said democrats you're about to lose me. i pay 40% federal, 15%. well, i hear we have it cued up. let's go. this is bill maher this weekend. >> -- actually do pay the freight in th
a two day meeting on the economy this afternoon. then fed chairman ben bernanke will hold a news conference. we will have live coverage of his remarks to reporters at 2:30 eastern on c-span3. here's some of what we're covering this morning. the house is expected to finish work on the republican budget of the 2014 budget. live coverage of 10:00 eastern on c-span. on c-span2, the senate is working on a measure to fund the federal government for the rest of the fiscal year. testifying about the ongoing two year civil war in syria. that live hearing starts at 9:45 eastern. this week marks the 10th anniversary of the start of the iraq war. in 45 minutes we will talk with california representative barbara lee, who opposed u.s. military action in iraq. and a congressman who served as a u.s. air force reserve chaplin, we will get his perspective on the war and veterans' issues. will, a virginia senator join us as part of our spotlight on magazine series. he writes about the role of congress in u.s. foreign policy. we will also take your calls, e- mails, and host: good morning, and welcom
. a market and economy dependent, i guess, but absolutely, they're going to keep printing until they feel they don't have to anymore which is probably a long time away from now. charles: buying the dips, thanks a lot, larry. that's by the way the opening bell, and the markets are ringing, the futures have been up all morning long and let's check the big board. dow up 29 points and ticking away. and the market is up and fedex we talk about that being something of a proxy for the economy. and they reported the numbers this morning and the profits were lower, and maybe people are buying or not shipping as much of the certainly we want to find out what's going on. let's go to nicole petallides on the floor the of the new york stock exchange. >> we're seeing fedex to the down side and the transportation index is higher and the dow is up 51 points. fedex comes out here with the numbers and they talk about weakness that hit their profits and they're actually trying to cut costs, but in cutting costs they actually incur cost toss cut costs so they're noting that as well. and year to date, fedex i
taxpayers. in 1990's president clinton worked with a republican congress to grow the economy and to restrain spending. in the 1990's, the balanced budget agreement actually resulted in a much faster balanced budget than anybody anticipated. balancing the budget was a major accomplishment for republicans in the 1990's, and also part of president clinton's legacy. i would hope that president obama would learn from that. the american people overwhelmingly support balancing our budgets. and the budget the senate democrats are considering never balances, ever. that means more debt, fewer jobs, and, frankly, much higher taxes from the american people. we certainly hope the president will change his mind and submit a plan that actually balances the budget. let's be clear, the democrats in this town who reject the goal of balancing the budget i think were out of step of where the american people are. the american people know you can't continue to spend money you don't have. i didn't come here for a fancy title or big office. i want to hand my kids and grandkids the same shot at the american dream th
or the economy. this is something that will come up again with the debt ceiling fight this summer. but if you look at what the senate just passed, this is as christina said, they want to raise taxes. >> guys, let's switch to gun control here. christina, there's mention of the push for the gun control measures. a new gun control law was signed into law described as tough but does not ban semiautomatic assault weapons. here's the governor today. >> i get the feeling right now around assault weapons is that it's hard to define what assault weapons is, whether the ten-year ban, the federal ban made a difference. >> so colorado can't pass a ban on semiautomatic assault weapons. do you take that as a sign it's not going to pass in any state? >> well, it's really hard to know. every state is different. but there is a huge question here. lawmakers feel a lot of pressure from gun lobbyists, gun rights groups and this is why the effort is so interesting. he says he's going to spend $12 million to really look at senators that might be persuadable, particularly those with strong gun rights cultures in th
and financial costs due to the influx. and has further strained the economy that is already under considerable external pressures. with an unstable region, a sluggish global economy that is still recovering. but having said that as i already alluded to, we are so grateful to the u.s. assistance in shouldering this enormous responsibility and more help in fatesing this humanitarian calamity. we had the opportunity to talk about the peace process and we're very delighted by the vision and the depth of wisdom that the president showed over the past several days in his trip with the israelis and the palestinians. obviously i reiterate jordan's commitment to the peace process. and the crucial importance of u.s. leadership in resuming the palestinian/israeli negotiations based on the two-state solution. there is simply no other formula, no other alternative. the two-state solution is the only way to go. and if you compare that also with the radicalization of syria, together with the impasse in the peace process, this is going to be a serious threat to an already-volatile region. i believe there is a
to to see where is the economy going. what got me excited about mark zuckerberg coming out, not only is he interested in high tech visas, he believes we should create path to citizenship for the 11 million undocumented in this country. the reason that's important, he recognizes that short of pathway to citizenship, what happens is we have 11 million residents living in our borders creating two classes of citizens in this country and that's not good for anybody. the fact that they're flexing their muscle, recognize their customer base, recognize the majority of americans, regardless republican or democrat or independent -- >> the naturalization ceremony and debate as we think of new immigrants come to the country becoming citizens of the united states, you look at the path to citizenship, there are several speed bumps that have gotten in the way. what we thought after the election was going to be at least from the outside looking in an easy piece of legislation moving forward, what's really in the way or is this just window dressing and they're going to get it done right after the break? >>
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. the entire economy of this city is based in gaming, 33,000 people work in the industry. here at the golden nugget atlantic city casino, they have a golden nugget. look at that. they have a hotel, cay casino, d marina in the heart of new jersey. hear from the general manager at the bottom of the hour, and i sit down with a blackjack dealer and learn for the first time how to play blackjack. i never played it in the casino before, and you'll never guess how i did. it's not just gambling, but the biggest trends in alcohol these days, bourbon, plus, tobacco, porn, reality tv, and how your smart phone is a vice. we have a sinful hour ahead capping it off with how you at home as an investor can make money on it all. first tonight, our top story. obamacare's latest surprise is a new fee to hit employers. douglas holtz-eakin, president of the and former cbo director. great to talk to you. i was shocked to hear about the fee, $63, nobody knew it was coming, $63 per eployee, so for a company like boeing, that's $10 million just for the fee alone. what is it for, and why didn't we hear about this bef
. as your life changes, fidelity is there for your personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. the people of bp made a commitment to the gulf., and every day since, we've worked hard to keep it. today, the beaches and gulf are open for everyone to enjoy. we've shared what we've learned, so we can all produce energy more safely. bp's also committed to america. we support nearly two-hundred-fifty thousand jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. watch this -- alakazam! ♪ [ male announcer ] staples has always made getting office supplies easy. ♪ another laptop? don't ask. disappear! abracadabra! alakazam! [ male announcer ] and now we're making it easier to get everything for your business. and for my greatest tri
and the -- >> our economy needs these workers. >> did i sound like i was freaking out because i really didn't want to be. >> entitlement -- do you know why jesus was killed by the romans? it was about taxes. >> do you read the fox news version of the bible? ♪ >> we begin with the president in israel and historic trip marking the first time he's visited that country as president of the united states. touching down on the bright skies in tel aviv this morning the president was greet with a red carpet and all the ceremonial trappings of a state visit. joking with israeli prime minister benjamin netanyahu that it was good to get away from congress the president reaffirmed what he called the unbreakable bond between the two nations. a sentiment that was roundly reciprocated. >> the people of islam welcome you with open heart. we deeply appreciate your friendship and we share your hope that the middle east will enjoy a future freedom, prosperity, and peace. >> i'm confident in declaring that our alliance is eternal. it is forever. >> and while relations between the president and prime minister have be
situation in cyprus. a million people live on cyprus. the economy is smaller than the state vermont. warren buffett should just buy cyprus. >> bloomberg buy it and split it in half. >> what did you learn? >> today was a very educational show. we found out phish is starting a new album tomorrow. that's breaking news. and i got to look at my friend james bennett without a beard and i've got to say -- >> no, don't. >> he looks younger. he looks younger. don't you think? >> it's usually what he says. >> he looks younger. >> so i was asking you what made adam so great, editor of "new york" magazine. >> my boss, my friend and i think arguably the greatest magazine maker of this moment, of the last decade or so. >> he knows how to give a magazine a voice. very important. >> and visually. >> we had a lot of "new york" magazine people on today. >> and what a great cover story. >> knocking it out of the park. >> if it's way too early, what time is it, mike? >> well, it's time for "morning joe." but right now it's time for our ole pal crystal izz acht. >> i need a fix. ♪ i'm going down." >>> preside
: what does this do for oakland's economy? >> last year the economic impact was about $4 million. we expect it to be a little bit more this year. and also there is always the charity piece. number of charities are involved once again. we expect the race probably in the neighborhood of $400,000 for charity. >> reporter: you've got people coming here taking part in this race from all over the down from industry and the united states. the full marathon is the first race that will kick off here. that will happen a half hour from now at 7:30. we'll be here for that. for now we are live in oakland alex savidge ktvu channel 2 news. >> thanks. we do have more information about the race on our website just two to ktvu.com and click on hot topics. >>> secretary of state john kerry makes a surprise trip to baghdad. kerry has been meeting with the leaders with other middle eastern nations. earlier he traveled to saudi arabia and egypt. last week he accompanied president obama to egypt. this is kerry's first trip to iraq after becoming secretary of state. >>> pope francis celebrated his first pal
really matters to what is happening in europe. cyprus, 0.2% of the euro-zone economy. it's banking sector accounts for mostst economy. what is happening there has wall street's attention because of the precedent it may set for other struggling nations. also, russian business has about $19 billion in cyprus. that's according to mootiedy's. wall street happy with the plan in place right now. it's also the last week of the first quarter. check out your investments this morning. if you haven't looked in a while the you'll be pleased. the s&p 500 is up more than 9% over the first three months of 2013. you can see the rally took off from november of last year. 9% will be a solid return for the entire year. but it's happened only in the first three months of this year. the s&p 500 is up 11% over the past year overall. over and over, when is this going to end? that is nearly impossible to preticket. there is one ratio that wall street looks to and it shows that prices are still fairly valued right now, maybe even cheap at least historically speaking. look at this. this is something that measures
to bob beckel. celebrity apprentice one gets fired and china's emerging economy. they are about to over take us in 2018. ben carson will close the show. he's john hop kens neurosurgeon who may be our next president. see you soon. look what mommy is having. mommy's having a french fry. yes she is, yes she is. [ bop ] [ male announcer ] could've had a v8. 100% vegetable juice, with three of your daily vegetable servings in every little bottle. >> good morning. it is 8 minutes before the hour. one time domestic terrorist and friends to the president bill ayers a visiting scholar at minnesota state university. school administrators are not concerned with his radical past. take note for this, you will soon be able to use your tablet and e readers during cakeoffs and landings. they will announce the new policy by the end of the year. cell phones will still not be allowed to be used during kickoff and landing. >> speaking of flying travelers beware. you can be aware you can be a prime target for scammers who want your money. courtney scott is here to let us know what we need to know. thank you
really silent since saying the budget sequester will produce very big lay-offs and a weakened economy. he's gone radio silent. we know next week that will be the week when the president will most likely use his podium to talk about how horrible sequestration will be, because it kicks in at the end of the month. perhaps the excellent jobless numbers we got this morning will be the last good one if it's as bad as obama scares us into thinking it is. we know that local and state governments are cutting back. that's not positive. finally, there is this missed quarter evidence. federal express did blow up. it was not a good number. caterpillar is down 12%, retail sales number might not translate into weak earnings. i was prepared for cat sales to be flat, maybe up a little, not down double digits. then we got oracle. while oracle almost always bounces back, making my charitable trust which owns the stock want to buy more, i have to believe the macroenvironment has gotten worse than we thought. oracle is not that bad a company. you don't want to get too negative either. what could be right? whi
that. the people of iran, it won't matter to them. what matters the economy is shambles. they don't have jobs or food to put on the table. >> what is concerning, that we have on the defense side, f.b.i. training manuals that don't even mention the word islam. don't mention the word muslims or jihad. those have been completely purged. we also have nuclear defense missiles i think are cut ever since barack obama has come into office. yeah, now he is talking about interceptors over to alaska but that was only pretty much in response to the north korean threat because he got caught on that. rather than that all of our defenses have been going downward. >> sean: i agree, good point. joel, you have written from the last jihad and written a lot of novels. every time i read them i'm thinking these scenarios that you are writing about seem very possible to me. you have a very dark, twisted mind. [ laughter ] >> i look at worst case scenarios. that is where we are. the new novel is damascus count down. what if an american president miscalculates, he tries diplomacy and it doesn't work. what
depositers will be spared but the little guys will suffer another way. the economy here is set to slow down. here is what we felt out on the streets of nicosia hire today. you might get some cash out of atm. in cyprus and there might be a bailout in place but in fact it is a holiday in this country. we talked to the folks here and their mood is definitelily not sunny. old money. you think that is better than the new money, the euros because of what happened? >> yes. because, before we believed europe is with us. now it is not with us. >> all of our money but this is also part of the deal, you know. >> it's too bad. >> it's bad. >> why? >> we're suffering. >> reporter: the president of cyprus is set to go on tv tonight. his government is being blamed for a lot, including his country into a bit of a tax haven for rich russians and banks are reportedly set to finally reopen again on tuesday but restrictions are in place. the big fear is, there will be a run on those banks. jenna, what is the u.s. takeaway from all this. well ally and strong trading partner europe is still in place. that is a g
i just want to be mismy family economy, landed here with the crowds, the press signed a letter saying, we'll leave you alone. never take a picture, so we never hear about her in the press. living a quiet live here at the uw. the same boyfriend before the trial and her initial arrest. he lives in the international district. his family supports her. she has a great extend family in west seattle, and hopefully this will be the period at the end of a very long and unfortunate sentence. >> shepard: is that the thinking? >> i think it is. surprised to hear there was a mixed review in court. the thinking here is, like no way. just no way she's going to have to go back. and in reality she won't be intrado -- extradited. but enough already. this has been -- she has been an innocent abroad, been through four years in prison for something she didn't do, and it's time to just let her have her life-for everyone, including italy to let her have her life. >> shepard: i'm somewhat surprised the italian media have not been tracking her down. >> they do. there's definitely paparazzi, that's wher
cable subscribers and others, based on what you see, is the u.s. economy growing at a faster clip than last year? what they did you get? >> the big shock for us, of be were oblivious to those kinds of questions in which many countries and housing stopped 2008 than subscriber losses were bigger. they said while. we never really appreciated for new homes in america the way we fight to over the same pie. greasy a little bit of hope but also post but the recipients between the cable business locally and nbc universal and cable channels nationally and locally. so now the advertising business is very relevant. and to greasy everyone feeling a the same thing. >> but with the, a sense of nervousness, we kid go down but like they said in tough times, take your risk. in good times it is easier for people to spend money. it was a tough decision to buy new and six in the middle of a recession but. >> now you are in control dealing with hollywood types what is more complicated? regulators in washington? [laughter] >> mass you can answer the question. [laughter] there is day but to be with the talen
. there is no leadership on the main issues facing america today in terms of the economy, coming out of the white house, because leadership on tough issues requires the president to take political risk, and he won't do it. and this is a guy who will say anything that is appropriate to the group in the room. and that's exactly what he's doing in israel today. he's saying what's appropriate to the group in the room. >> i know bb netanyahu pretty well. he blurbed by first back in 2002. he's he a strong leader and thank god at least there was one adult in the room and one adult that understands the nature of the battle, the conflict between good and evil in our time. bb, there's no way he does not see through this president's bs. do you agree with me? he knows where obama's coming from. i think he knows full well he can't trust him. >> look, sometimes -- sometimes folks we don't completely agree with at least go about things in a constructive way. bill clinton went about trying to deal with the middle east question in a way that really began to make some progress, that was a balanced perspective. it was so
in this country, look at our economy, whether or not it's growing or whether or not it's shrinking ab how much we export to other parts of the world, a new report shows that china will overtake the united states as the world's number one economy by 2016. >> jesse: really? is that true? >> well, it's a report from the organization for economic cooperation and development. their forecast differs from other people's forecast which says basically because of china's demographics, they have a lot of people. >> jesse: a billion people, a lot of people to tax. >> alisyn: that's right. so the other prediction said it would be by the year 2020. this puts it four years earlier, by the time the president is leaving office. >> jesse: you could have on obama's watch, president obama, us being downgraded for the first time and lose the title of the number one economy in the world. that's staggering. >> clayton: to be fair to the president, this certainly didn't start under president obama, it started many years ago in china, but also, look, it's easier in china to have this kind of growth when you're doing it o
technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. one of those sons, a 10-year-old boy died. we're told his mother is still in serious condition. and as of yesterday, the family priest said the mom did not even yet know about the death of her son. fox extreme weather alert now. the deadly spring snow storm that has already buried parts of the midwest dumping heavy wet snow and sleet up and down the east coast. keep in mind winter just ended a couple of days ago. nearly 500 flights cancelled today, most of them in or out of new york city. the roads weren't much better. car crashes all over the place. police are blaming the storm for two deaths. one in kansas and one in missouri where there is still more than a foot of snow in some spots. i should say fortunately a lot of schoo
] >> obamacare is hurting hispanics, african-americans, single moms and the economy. it should be repealed. yesterday, 70 members voted to remove the tax on medical device providers. i happily voted for that, and i would point out that it is a wealthy industry that can afford to hire lobbyists. we should not be are sponsored not just a corporate lobbyists, but to the people, the small businesses that are being hurt by obamacare, to the workers that are being hurt. we should be responsive to the american people, and for that reason, to repealve fund obamacare. host: the senator speaking on the floor of the senate yesterday regarding an mm it to repeal -- an amendment to repeal the affordable care act. steve is calling us from indianapolis, democrat line. good morning. , there is so much waste in healthcare today. with the affordable health care act, i think that is one thing that is targeting is waste. one of my family's biggest expenses healthcare, and that is with insurance through my employer. thatis my biggest expense we have in our budget, so i think if they can target ways are you hav
of the reasons is because cyprus is a tiny economy, but this would be the fourth european bailout. the fact that at the 11th hour it looks like disagreed to, it takes away an uncertainty for the market and the path of least resistance returns. and what is that path? higher. this has been been incredible year for stocks. anybody with a stock market investment has seen fantastic rushes. the s&p 500 hasn't hit a record high, a new record high yet, but it's very close now. could happen in the next couple of days. that's what the s&p looks like over the past 12 months. the s&p over the past year is up almost 12%. just this year so far, up 9%. that's the kind of return if you had a return like that, it would be the envy of all of your friends. and for anybody who is just a plain vanilla stock market investor, they've had a good run. looks like banks will probably lead higher. watch shares of blackberry. lower pre-market. >> christine romans, thanks so much. >>> ford in and advertising firm are apologizing for a recent ad that used questionable judgment. it's a cartoon showing three scantily clad
at the forefront of the technology will not only benefit society but also the u.s. economy. earlier this month my organization released a study which found the unmanned aircraft is poised to create 70,000 new jobs in $13.6 billion of economic impact within the first three years of following integration of unmanned aircraft in the air space. however the industry understand this technology is new to most americans and their opinions formed by what they see in the news. today's hearing is an excellent opportunity to address the misconceptions about the technology and discuss how it will be used for domestic applications. you probably noticed i do not use the term drone. the industry refers to technology of unmanned aircraft systems or uas because it's more than a pilotless vehicle. a ues concludes technology on the ground with controls. i like to say this not being unmanned about unmanned systems. the term drone carries with it a hostile connotation and does not reflect how is uas or use domestically as you heard from mr. miller. uas i used to perform dangerous and difficult tasks more safely and mo
economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses they're coming. yeah. british. later. sorry. ok...four words... scarecrow in the wind... a baboon... monkey? hot stew saturday!? ronny: hey jimmy, how happy are folks who save hundreds of dollars switching to geico? jimmy: happier than paul revere with a cell phone. ronny: why not? anncr: get happy. get geico. fifteen minutes could save you fifteen percent or more. great first gig! let's go! party! awwwww... arigato! we are outta here! party...... finding you the perfect place, every step of the way. hotels.com >>> the young american woman once dubbed "foxy knoxy" will find out if she will be tried for murder again. >> italy's highest court is going to announce its decision to throw out amanda knox's 2011 acquittal on charges she and her boyfriend killed her
of the most important things we can do for our country and for our economy. the amendment that's being offered would undermine the effort under way to bring health insurance to millions of currently uninsured people in a fiscally responsible fashion, so i urge our colleagues to oppose this amendment and i ask for the yeas and nays. the presiding officer: is there a sufficient second? there appears to be. the clerk will call the roll. vote: vote: the presiding officer: are there any senators wishing to vote or change their vote? if not, the ayes are 45, the nays are 54. the amendment is not agreed to. a senator: move to reconsider. the presiding officer: without objection. mrs. murray: move to lay on the table. the presiding officer: without objection. under the previous order, there will be two minutes equally divided prior to a vote on amendment 438 offered by the senator from new hampshire, mrs. shaheen. mrs. shaheen: mr. president, the senate is not in order. the presiding officer: the senate is not in order. senators please take their conversations out of the well. mrs. shaheen: amendment
to the suez canal. we cannot give the egyptian leaders a blank check but can't have a collapsed economy sea israel would face immediate consequences of. this is the type of amendment that does not consider the checks and balances and the complexity of the issue. i urge my colleagues to vote against the amendment. the presiding officer: the question is on the amendment. a senator: i ask for the yeas and nays. the presiding officer: is there a sufficient second? a sufficient second is noted. the yeas and nays are ordered. the clerk will call the roll. vote: the presiding officer: any senator wishing to change his vote? the yeas are 25, the nays are 74. the amendment is not agreed to. there are two minutes equally divided prior to a vote on amendment 702 offered by mr. cruz. mr. cruz: mr. president? the presiding officer: the senator from texas. mr. cruz: this amendment would create a budget point of order prohibiting any measure that provides taxpayer funds to the united nations while any member nation forces citizens to undergo involuntary abortions. i recognize that members of this body hav
that regulators conduct thorough cost-benefit analysis to fully understand how these rules will affect our economy. i understanindependent financias operate urn a patchwork of federal -- under a patchwork of federal laws that require varying degrees of economic analysis and provide too much discretion to regulators. as a result, job creators, american job creators, under siege from capricious rule-making activities. regulations should be based on solid evidence and supported by robust economic analysis, not the arbitrary preferences of bureaucrats. the presiding officer: the senator's time has expired. the senator from washington. mrs. murray: mr. president, i yield my time to the senator from south dakota. mr. johnson: mr. president, i rise in strong opposition to the amendment 340. this amendment is another attempt to block wall street reform. this amendment would slow down rule making and invite wall street to bring lawsuits against their financial regulators. g.a.o. recently found that the recent financial crisis may have cost us over $13 trillion. we should not hamstring the cops on the beat
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